Graduate Entrepreneurship in Scotland: exploring the challenges
(2013) Graduate Entrepreneurship in Scotland: exploring the challenges, no. 106.
Purpose - This paper aims to investigate the challenges that faced six graduate entrepreneurs in Scotland, how education impacted on overall business competency and how these challenges were overcome. Design/methodology - Semi-structured interviews provided information on the early business environment directed towards the difficulties which were encountered. Questionnaires were used to provide background information as well as selfevaluative perceptions. Findings - The study finds substantial evidence that the contemporary higher education design has a significant impact on the early coping abilities of entrepreneurs. Findings emerge which demonstrate that the requirements of the new business environment are high; but that challenges are more prominent in certain industries/markets. Evidence shows that institutional support in Scotland is effective in overcoming both psychological and practical barriers of nascent business. Research limitations/implications - The study provides insights into the challenges of early business and the preparative effect of higher education. More research is required to understand how education can stimulate entrepreneurial capability and intention. Further efforts should be applied to narrow, industry specific entrepreneurship studies to determine the diverse requirements of nascent enterprise. Practical implications - Universities can do more to meet the needs of the 'innovation economy' in Scotland through program re-design and entrepreneurial support. Support organisations although effective in their roles, could do more to provide more industry specific support to entrepreneurs.